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What the number of shares to be used

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Question - Crane Company had 1,000,000 shares of common stock issued and outstanding at December 31, 2020. On July 1, 2021 an additional 1,000,000 shares were issued for cash. Crane also had stock options outstanding at the beginning and end of 2021 which allow the holders to purchase 290000 shares of common stock at $21 per share. The average market price of Crane's common stock was $28 during 2021. What the number of shares to be used in computing diluted earnings per share for 2021?

Reference no: EM132995994

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